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| 02357nam 2200385zi 4500 |
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| 001 | 9.904862 |
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| 003 | CaOODSP |
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| 005 | 20221107180655 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 211115t20212021oncd ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2021-56E-PDF |
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| 100 | 1 |aShukayev, Malik, |eauthor. |
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| 245 | 10|aAre bank bailouts welfare working? / |cby Malik Shukayev and Alexander Ueberfeldt. |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2021. |
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| 264 | 4|c©2021 |
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| 300 | |a1 online resource (ii, 52 pages) : |bcharts. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2021-56 |
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| 500 | |a"Last updated: November 10, 2021." |
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| 504 | |aIncludes bibliographical references (pages 36-39). |
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| 520 | |a"The financial sector bailouts seen during the Great Recession generated substantial opposition and controversy. We assess the welfare benefits of government-funded emergency support to the financial sector, taking into account its effects on risk-taking incentives. In our quantitative general equilibrium model, the financial crisis probability depends on financial intermediaries’ balance sheet choices, influenced by capital adequacy constraints and ex ante known emergency support provisions. These policy tools interact to make financial sector bailouts welfare improving when capital adequacy constraints are consistent with the current Basel III regulation, but potentially welfare decreasing with looser capital adequacy regulation existing before the Great Recession"--Abstract. |
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| 650 | 0|aBanks and banking|xEconometric models. |
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| 650 | 0|aFinancial crises|xEconometric models. |
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| 650 | 0|aBank loans|xEconometric models. |
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| 650 | 6|aBanques|xModèles économétriques. |
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| 650 | 6|aCrises financières|xModèles économétriques. |
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| 650 | 6|aPrêts bancaires|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2021-56.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.63 MB|uhttps://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-5-2021-56-eng.pdf |
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